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obama, unemployment peaked in 2009 at 10%, now three e years later it's 7.8%. for both presidents, unemployment generally trended down all the way to election day. as you might expect, president obama and governor romney saw these numbers quite differently and we have two reports tonight. first, nancy cordes covering the president and she's in cleveland. nancy? >> reporter: scott, you could practically see the relief on the president's face today and not just because this news helped to change the subject from his shaky debate performance. high unemployment has been an albatross around his neck the past four years. today he mentioned the drop not once but twice starting at virginia. >> this morning we found out that the unemployment rate has fallen to its lowest level since i took office. (cheers and applause) more americans entered the work force, more people are getting jobs. >> reporter: around steady rain in cleveland where president obama shared a coat with the supporter who introduced him, he made it clear to a crowd of 9,000 that he understands there's s
obama, unemployment peaked in 2009 at 10%, now three e years later it's 7.8%. for both presidents, unemployment generally trended down all the way to election day. as you might expect, president obama and governor romney saw these numbers quite differently and we have two reports tonight. first, nancy cordes covering the president and she's in cleveland. nancy? >> reporter: scott, you could practically see the relief on the president's face today and not just because this news helped to...
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the unemployment rate shopping to 7.8%. we are also going to hear live remarks from mitt romney on the campaign trail. both of the candidates facing off in virginia today. >>> is this the real october surprise? these numbers. and there are already some accusations that the white house is cooking the books to win this presidential election. we break that down for you. and then battling for the vet vote. the son of vice president joe biden h beau biden will join me live. he will talk about his dad's big debate coming up next week. that and much more coming your way in just moments. stick around. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. what a bargain! [ female announcer ] sometimes a good deal turns out to be not such a good deal. but bounty gives you value you can see. in this lab demo, one sheet of bounty leaves this surface cleaner than two sheets of the leading ordinary brand. so you can clean this mess with half as many sh
the unemployment rate shopping to 7.8%. we are also going to hear live remarks from mitt romney on the campaign trail. both of the candidates facing off in virginia today. >>> is this the real october surprise? these numbers. and there are already some accusations that the white house is cooking the books to win this presidential election. we break that down for you. and then battling for the vet vote. the son of vice president joe biden h beau biden will join me live. he will talk...
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you can take a look at the chart for all of unemployment numbers since president obama has taken office and there you see kind of the track. and we are september 12 there at the end. and headed in the right direction if you're president obama's campaign politically, but what about inside the numbers economically. let's bring in our panel, steve hays weekly standard. charles lane, washington post and syndicated columnist, charles krauthammer. charles? >> well, the numbers are tricky because when you get a drop in the rate and then you get this anemic job-- anemic increase in the numbers of jobs, they contradict each other. the reason that you can these contradictions, each of them comes from a completely different survey. the anemic rise in new jobs comes from the survey of employers and it's a huge and vast survey. where one out of every three employers is collected. whereas the unemployment rate comes from the survey of households where it's only 6/10 of 1% of 1% of all households are being surveyed. so, you've got a very small sample. it doesn't mean that one is right and the other is
you can take a look at the chart for all of unemployment numbers since president obama has taken office and there you see kind of the track. and we are september 12 there at the end. and headed in the right direction if you're president obama's campaign politically, but what about inside the numbers economically. let's bring in our panel, steve hays weekly standard. charles lane, washington post and syndicated columnist, charles krauthammer. charles? >> well, the numbers are tricky...
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unemployment rose after barack obama became president, peaking at just over 10%. today's figure is the first time it has been under 8% for 44 months. >> this morning, we found out that the unemployment rate has fallen to its lowest level since i took office. [applause] >> the good news comes at the end of a bad week for the president where he was widely derided for a lackluster debate performance. now some feel he is back. >> we have made to much progress to return to the policies that led to the crisis in the first place. i cannot allow that to happen. i will not allow that to happen. that is why i am running for a second term as president of the united states. >> blaming unemployment on the president has been central to the case of republicans. >> under obama's economy, it is just not getting better. >> mitt romney told a rally that today's improvement did not mean much. >> the unemployment rate has come down very slowly but it has come down on the less. the reason is primarily due to the fact that more and more people have just stopped looking for work. i of th
unemployment rose after barack obama became president, peaking at just over 10%. today's figure is the first time it has been under 8% for 44 months. >> this morning, we found out that the unemployment rate has fallen to its lowest level since i took office. [applause] >> the good news comes at the end of a bad week for the president where he was widely derided for a lackluster debate performance. now some feel he is back. >> we have made to much progress to return to the...
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the unemployment rate has dropped to the lowest level since president obama took office. like everything else, this election season, it is political. president obama says there is more to be done. governor romney says this is not what a real recovery looks like. the labor department reports the economy added a seasonally adjusted 114,000 jobs last month which brought down the jobless rate to an unexpected 7.8 percent. here is a look at the unemployment rate since 28 state. the gray area on the left is the president since the recession. the rate has not been this low sin the inauguration in january of 2009. of course, this could be a potential boost to the president's campaign. no incumbent since the great depression has been re-elected with unemployment above 8 percent. the president said the economy is moving forward and suggested governor romney's policies would spark another financial disaster. >> we made too much progress to return to the policies that led to the crisis in the first place. i cannot allow that to happen and i won't allow it. >>trace: governor romney do
the unemployment rate has dropped to the lowest level since president obama took office. like everything else, this election season, it is political. president obama says there is more to be done. governor romney says this is not what a real recovery looks like. the labor department reports the economy added a seasonally adjusted 114,000 jobs last month which brought down the jobless rate to an unexpected 7.8 percent. here is a look at the unemployment rate since 28 state. the gray area on the...
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>>> the unemployment rate dropped below 8% for the first time in the obama presidency hitting 7.8% for september. but the raw job gains are tepid. will the below 8% news do much to change the economic perceptions of undecided voters in the final weeks before the election? meanwhile a shifted swagger as mitt romney waits to see if his numbers swing up after a decisive debate. he certainly has a spring in his step out on the campaign trail. on the whole 47% comment that never came up at the debate romney says he was wrong. as for the president, he put some mileage between himself and the mile high city with much more fiery talk than anything we heard from him at the actual debate. but is the president's tough talk too little too late? good morning from washington. it's friday, october 5th, 2012. this is "the daily rundown." i'm chuck todd. we'll have much more on the new jobs numbers in minutes with economist mark zandi, texas senator kay bailey hutchison is here, and an exclusive this morning senior adviser to the president david plouffe. but first right to my first reads of the morning
>>> the unemployment rate dropped below 8% for the first time in the obama presidency hitting 7.8% for september. but the raw job gains are tepid. will the below 8% news do much to change the economic perceptions of undecided voters in the final weeks before the election? meanwhile a shifted swagger as mitt romney waits to see if his numbers swing up after a decisive debate. he certainly has a spring in his step out on the campaign trail. on the whole 47% comment that never came up at...
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i'm out to believe what barack obama says about unemployment level of seven point eight percent it's disaster it's a catastrophe that's what he said when he took office and so we're here in office and we're happy to be at seven point eight percent unemployment and i do think that there's something suspicious with these numbers now i think i think i think jobs of i mean one of them one of the important things to look at these numbers is a look at the unemployment rates in the twenty to twenty four eighty. cohort gusting at least in that cohort but. the unemployment rates jumped to the largest increase in the month of september since one thousand nine hundred three so that's telling me that either they're not going back to school or they are taking part time jobs and most of all part time jobs and they are you know you can pick and choose when you want to be a conspiracy theorist here really why wouldn't the administration cooked the books before the midterms why when the administration tries they're going to look bad if they're only ten percent when they're going there and percent loo
i'm out to believe what barack obama says about unemployment level of seven point eight percent it's disaster it's a catastrophe that's what he said when he took office and so we're here in office and we're happy to be at seven point eight percent unemployment and i do think that there's something suspicious with these numbers now i think i think i think jobs of i mean one of them one of the important things to look at these numbers is a look at the unemployment rates in the twenty to twenty...
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we begin with good news for the country and president obama. the u.s. unemployment rate has fallen below 8% for the first time in nearly a full your years. >> employers added 114th thousand jobs since september. jobless rate fell to 7.8% last month and wages rose. the department also revised the numbers for july and august saying the economy at its 86,000 more jobs than first estimated. >> the jobs report is a big topic on the campaign trail. republican candidate mitt romney campaigning in battleground virginia. looks like they're getting ready to announce that he will be speaking soon at carter machinery in abingdon. president obama in virginia as well. >> scott thuman joins us from george mason university. seems like a more confident president obama than we saw during the debate scott. we would check back with him in a couple minutes. the president speaking after 11:00 this morning in virginia at george mason in fairfax. we will have a live report. >> a with abc 7, your election station. continuing coverage of the election and the latest information o
we begin with good news for the country and president obama. the u.s. unemployment rate has fallen below 8% for the first time in nearly a full your years. >> employers added 114th thousand jobs since september. jobless rate fell to 7.8% last month and wages rose. the department also revised the numbers for july and august saying the economy at its 86,000 more jobs than first estimated. >> the jobs report is a big topic on the campaign trail. republican candidate mitt romney...
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. >> reporter: it's the lowest unemployment rate since president obama took office. the labor departments report for september shows the economy added 114,000 jobs last month. the unemployment rate drops significantly to 7-point 8%, from 8.1% in august, that is a surprise because economists were expecting unemployment to pick up. president obama and mitt romney will both be campaigning in virginia this morning, the obama campaign took a hit with his debate performance this weeks this will give him something to crow about today. the romney campaign, mitt romney issued a statement saying this is not what a real recovery looks like. he goes on the say, the real unemployment rate is closer to 11% if you count the people who stopped looking for work. there is also a lot of speculation on line on social media this morning, that the obama administration could be fudging the numbers. we took that question right to the secretary of labor this morning. she tells us it's ludicrous to say the numbers could be manipulated. >>> secret service has new policies in place after one of
. >> reporter: it's the lowest unemployment rate since president obama took office. the labor departments report for september shows the economy added 114,000 jobs last month. the unemployment rate drops significantly to 7-point 8%, from 8.1% in august, that is a surprise because economists were expecting unemployment to pick up. president obama and mitt romney will both be campaigning in virginia this morning, the obama campaign took a hit with his debate performance this weeks this will...
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president obama says unemployment is at the lowest level since he took office. governor romney says this is not what a real recovery looks like. both candidates starting their rallies in the battleground state of virginia. we showed you moments ago mr. romney is in the state of florida at this hour speaking at a rally there they each have a very different take on today's jobs report. >> we can do better. we don't have to stay on the path we have been on. we can do better. there was a report that just came out this morning on job creation this last month. there were fewer new jobs created this month than last month. >> but today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> harris: then the president went on with his familiar slogan saying governor romney supports the same policies that led to the financial crisis. the governor says he has a plan to create millions of jobs. campaign carl cammeron live in st. petersburg, florida. carl, what
president obama says unemployment is at the lowest level since he took office. governor romney says this is not what a real recovery looks like. both candidates starting their rallies in the battleground state of virginia. we showed you moments ago mr. romney is in the state of florida at this hour speaking at a rally there they each have a very different take on today's jobs report. >> we can do better. we don't have to stay on the path we have been on. we can do better. there was a...
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the bulls after a week debate. >> september's unemployment rate delivered president obama a pre-election gift. this is the first time it has been below 8% during his presidency. >> we know there is still that willingness for all of us to see that more people are put but to work. in this particular report, i am happy to see that we have continued growth. >> employers added 114,000 jobs in september. the numbers shocked analysts, who predicted the jobless rate would stay around 8% and possibly grow. >> this is a big report. >> president obama called the report proved that the economy is improving under his policies. >> we have made too much product progress to return to the policies that led to the crisis in the first place. >> mitt romney launched a tv ad that the recovery is too slow. even economists seem hesitant, pointing of the the number of new jobs created each month has been decreasing since july. this report a positive sign for a still fragile of economy. one downside to the report, many of the jobs created were part- time jobs, not full-time jobs. >> thank you, daniel. baltimore
the bulls after a week debate. >> september's unemployment rate delivered president obama a pre-election gift. this is the first time it has been below 8% during his presidency. >> we know there is still that willingness for all of us to see that more people are put but to work. in this particular report, i am happy to see that we have continued growth. >> employers added 114,000 jobs in september. the numbers shocked analysts, who predicted the jobless rate would stay around...
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president obama responds to new unemployment numbers that dropped to 7.8%. the lowest in four years since president obama took office. >> this is a choice not just between two candidates or two parties, but a choice between two fundamentally different visions for america. and today, i believe that as a nation, we are moving forward again. [ applause ] we're moving forward. cheer [ cheering and applause ] now after losing about 800,000 jobs a month within i took office -- when i took office, our businesses have now added 5.2 million new jobs over the past two and a half years. [ cheering and applause ] >> reporter: now before the debate, the president had a very slight lead over his opponent in the commonwealth. the battleground state of virginia. the question is, can he maintain that slight edge between now and november? back to you j. c.. >> thank you surae. >>> well, bedbugs are causing headaches for students at the university of maryland. the pests are spreading through parts of building 7 at the south campus commons dormitories. the company that manages
president obama responds to new unemployment numbers that dropped to 7.8%. the lowest in four years since president obama took office. >> this is a choice not just between two candidates or two parties, but a choice between two fundamentally different visions for america. and today, i believe that as a nation, we are moving forward again. [ applause ] we're moving forward. cheer [ cheering and applause ] now after losing about 800,000 jobs a month within i took office -- when i took...
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president obama gets in unemployment blues. the a-team is here to talk politics and life in america want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let's do it grandpa. that's why humana agents will sit down with you, to listen and understand what's important to you. it's how we help you choose the right humana medicare plan for you. because when your medicare is taken care of, you can spend more time sharing your passions. wow. [ giggles ] [ male announcer ] with the people who m
president obama gets in unemployment blues. the a-team is here to talk politics and life in america want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something...
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obama touts the new unemployment report telling the crowd it shows that his policies are moving the country forward. the september jobless rate dropping to 7.8%, it's down from 8.1%. doug mckelway live at the white house with more. doug? >> reporter: hey, jon, these new unemployment numbers obviously coming as tremendously welcome news to an obama campaign that is still reeling from what most now agree was a lackluster debate performance last month. in fairfax, virginia, at george mason university, the president departed from his standard stump speech to tout these new numbers. here he is just moments ago. >> but today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. [cheers and applause] because of your strength and resilience, the strength and resilience of the american people, we've made too much progress to return to the policies that led to the crisis in the first place. >> reporter: but behind these apparently encouraging unemployment numbers are some very confusing a
obama touts the new unemployment report telling the crowd it shows that his policies are moving the country forward. the september jobless rate dropping to 7.8%, it's down from 8.1%. doug mckelway live at the white house with more. doug? >> reporter: hey, jon, these new unemployment numbers obviously coming as tremendously welcome news to an obama campaign that is still reeling from what most now agree was a lackluster debate performance last month. in fairfax, virginia, at george mason...
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it says it appears that obama has hired baghdad bob to calculate the unemployment rate. anyone who take this is unemployment report serious is either naive or a paid obama campaign adviser. and, of course, they're looking at the 7.8% unemployment figure and saying that can't possibly be right. >> oh, let me explain how this works. we explain this every month, actually. there are two surveys. a survey of households and a survey of companies and sometimes they show slightly different results, right? they are surveying two completely different groups, one of people who are getting a job and one people who are giving a job and not necessarily the same people in those same surveys all the time. here is something i want to point out to these people who are talking about baghdad bob at the bureau of labor statistics. where were they the day after the president's speech in charlotte when all the enthusiasm after his dnc speech was taken away by a lackluster jobs support, where were they the past three years when we've been pointing out this is a subpar economy. i will tell you t
it says it appears that obama has hired baghdad bob to calculate the unemployment rate. anyone who take this is unemployment report serious is either naive or a paid obama campaign adviser. and, of course, they're looking at the 7.8% unemployment figure and saying that can't possibly be right. >> oh, let me explain how this works. we explain this every month, actually. there are two surveys. a survey of households and a survey of companies and sometimes they show slightly different...
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>> 7.8% unemployment. is this magic number of president obama for real or was it cooked? good evening, i'm larry kudlow. this is "the kudlow report." team obama doing a victory lap, rejoicing over the 7.8% victory lap. my guest, jack welch, is questioning whether the numbers were cooked to help president obama. mr. welch will respond live and talk to me in a moment. this whole thing comes as the romney roll continues. scott rasmussen has three polls showing a dead heat in battle ground states, hai, virginia, florida. even the liberal magazine "the new yorker" sees it on their front cover, mitt romney pulling a clint eastwood, debating an empty chair. first up, it was the tweet that was heard around the world. my good friend jack welch set off a social media firestorm. take a look at his tweet. "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers, end quote. he's chase by accusing the white house of skewing the data to help president obama. earlier on cnbc, u.s. labor secretary fired back with this response. please take a listen.
>> 7.8% unemployment. is this magic number of president obama for real or was it cooked? good evening, i'm larry kudlow. this is "the kudlow report." team obama doing a victory lap, rejoicing over the 7.8% victory lap. my guest, jack welch, is questioning whether the numbers were cooked to help president obama. mr. welch will respond live and talk to me in a moment. this whole thing comes as the romney roll continues. scott rasmussen has three polls showing a dead heat in battle...
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as a matter of fact, he said right now we would be at 5.4% unemployment. >> president obama says he's creating jobs, but he's really creating debt. >> reporter: and romney has a new ad out arguing the president's job creation efforts have only added to the deficit. >> a couple nights ago we had a debate. you may have got the chance to see that. >> reporter: before the new jobs numbers, romney had been riding a wave of momentum after this week's debate. he even got a pass from the president who never mentioned romney's comments on the 47% of americans who don't pay federal income taxes. >> there are 47% of the people who vote for the president no matter what. >> reporter: with an obama campaign ad still repeating those, romney tried to put an end to the controversy once and for all on fox. >> clearly in a campaign with hundreds and thousands of speeches and question and answer sessions, now and then you're going to say something that doesn't come out right. in this case i've said something that's completely wrong. >> reporter: romney heads next to florida where his economic message wil
as a matter of fact, he said right now we would be at 5.4% unemployment. >> president obama says he's creating jobs, but he's really creating debt. >> reporter: and romney has a new ad out arguing the president's job creation efforts have only added to the deficit. >> a couple nights ago we had a debate. you may have got the chance to see that. >> reporter: before the new jobs numbers, romney had been riding a wave of momentum after this week's debate. he even got a pass...
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one is growth, where anybody who looks at getting down from obama's devastatingly high unemployment rate with 23 million americans out of work, if you get back to a normal unemployment rate you dramatically increase federal revenue. the second is you basically have a bargain which ronald reagan had, which is i will lower the rates and eliminate various deductions to get down to that rate. the governor himself last night said one of the business tax deductions might well be the oil and gas tax deduction which might well disappear as a part of a process of getting to lower rates. so we've seen it done before. it was done in '86 by ronald reagan in a bipartisan manner, and i think that you would see the governor, who has worked with a very democratic legislature in massachusetts, be bipartisan but let me give you one minor example of why i think it's sometimes frustrating to get into who's telling the truth. there are no definitions by which donald trump is a small business. >> wait, wait, wait. >> none. >> can i jump in here? >> well, there is. >> he took all the time last time. >> if you'
one is growth, where anybody who looks at getting down from obama's devastatingly high unemployment rate with 23 million americans out of work, if you get back to a normal unemployment rate you dramatically increase federal revenue. the second is you basically have a bargain which ronald reagan had, which is i will lower the rates and eliminate various deductions to get down to that rate. the governor himself last night said one of the business tax deductions might well be the oil and gas tax...
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does this give president obama an edge? i mean, how important is this unemployment report for the election? >> well, today's jobs numbers were friendly to the president. i mean, it does show that the economy is definitively improving. we've made a lot of progress. when you add it all up, we've created 4.5, 5 million jobs since job growth resumed just not quite three years ago. we are clearly moving in the right direction, and i do think voters when they think about who to vote for, they have had to come up with a trend line and think about where we're headed and i think these kind of numbers will, indeed, help the president. >> susie: you know, we're all so fixated on this unemployment number, and yet a number of people, whether they're economists or market strategists have been saying it's misguided to focus on this unemployment rate. what we should be really looking at is the fiscal cliff issue. what do you think are the chances of getting some resolution on the fiscal cliff, get something kind of deal on that? >> well, y
does this give president obama an edge? i mean, how important is this unemployment report for the election? >> well, today's jobs numbers were friendly to the president. i mean, it does show that the economy is definitively improving. we've made a lot of progress. when you add it all up, we've created 4.5, 5 million jobs since job growth resumed just not quite three years ago. we are clearly moving in the right direction, and i do think voters when they think about who to vote for, they...
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let's not forget obama promised if he enacted his so-called stimulus, by today, the unemployment rate would be down to 5.5%. so, something's gone wrong. if you look at the minneapolis federal reserve website, there's an interactive feature that allows you to look at all the the business cycles since world war ii. it's the worst jobs performance of any president? >> let's move on. go ahead. jump in. >> you know what the problem was with that promise? they should have never made that. promises get people elected. promises get things passed, so now mitt romney says i'm going to create 12 million jobs over four years. 250,000 jobs a month. a ridiculous claim and what does the obama campaign do because morning in america sounds better than evening in america, the obama campaign says there's that's a low bar. we can do that, too. >> briefly here, you mentioned the idea of a conspiracy theory. this is the white house trying to mix it up. you don't buy that at all. >> not a little bit. bureau of labor statistics is a geeky, wonky organization. i love their website. they just, they're data gee
let's not forget obama promised if he enacted his so-called stimulus, by today, the unemployment rate would be down to 5.5%. so, something's gone wrong. if you look at the minneapolis federal reserve website, there's an interactive feature that allows you to look at all the the business cycles since world war ii. it's the worst jobs performance of any president? >> let's move on. go ahead. jump in. >> you know what the problem was with that promise? they should have never made that....
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danielle lee has what the numbers mean. >> reporter: the unemployment rate delivered president obama a preelection gift. the number of people without jobs fell to 7.8%, marking the first time it's been below 8% during obama's presidency. >> there's still that willingness for all of us to see that more people are put back to work, but in this particular report, i'm happy to see we see a continued growth. >> reporter: employers added 114,000 jobs in september and 86,000 jobs that hadn't been accounted for in july and august. the numbers shocked analysts who predicted the rate would stay around 8% and possibly grow. >> this is a big report. >> reporter: presint obama called the september report proof the economy is improving under his policies. >> we made too much progress to return to the policies that led to the crisis in the first place. i can't allow that to happen. >> reporter: mitt romney continued his argument in tv ads launching today that the recovery is too slow. >> i have a plan to create 12 million new jobs. >> reporter: they pointed out the new numbers of jobs created has b
danielle lee has what the numbers mean. >> reporter: the unemployment rate delivered president obama a preelection gift. the number of people without jobs fell to 7.8%, marking the first time it's been below 8% during obama's presidency. >> there's still that willingness for all of us to see that more people are put back to work, but in this particular report, i'm happy to see we see a continued growth. >> reporter: employers added 114,000 jobs in september and 86,000 jobs...
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. >>> 7.8% unemployment. did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue? >> the markets have been up all day long. we're up about 60 points or so on the dow jones industrial average and the big reason of course is the number that we got this morning, falling unemployment. we are now below the 8% level for the first time in four years. the question is how did we get there? here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to thin
. >>> 7.8% unemployment. did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the...
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. >> from president obama, this is proof that his policies are working, but for mitt romney, the unemployment rate now at 7.8% doesn't tell the whole story. at a rally a in virginia, a smiling president obama took full advantage of september's jobs report. >> more americans entered the work force, more people are getting jobs. >> reporter: the unemployment rate fell to 7.8%. marking the first time it's been below 8% during his presidency. >> today's excuse is not an excuse to talk down the economy to score a few political point. >> reporter: political points is exactly what mitt romney was going for while talking to voters in virginia. >> this president calls his policies going forward. i call his policies forewarned. >> reporter: romney said the unemployment rate fell because people gave up. >> when i'm president of the united states, that, that unemployment rate is going to come down, not because people are giving up and dropping out of the workforce, but because we're creating more jobs. >> reporter: on social media, some conservatives accuse the obama administration of doctoring the jobs
. >> from president obama, this is proof that his policies are working, but for mitt romney, the unemployment rate now at 7.8% doesn't tell the whole story. at a rally a in virginia, a smiling president obama took full advantage of september's jobs report. >> more americans entered the work force, more people are getting jobs. >> reporter: the unemployment rate fell to 7.8%. marking the first time it's been below 8% during his presidency. >> today's excuse is not an...
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and president obama has a strong record to campaign on. >> this morning we found out that the unemployment rate has fallen to the lowest level since i took office. but today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> now, governor romney issued a statement today saying, quote, this is not what a real recovery looks like. really? that's what he has to say? well, here's my statement. what is the reason for mitt romney's campaign? the unemployment rate is at its lowest level in nearly four years. that's not a real recovery? when president obama took office, we were bleeding private sector jobs. now we've added them for 30 straight months. that's more than 4 1/2 million jobs. mitt romney is just dancing as fast as he can to deny the truth. well, keep on dancing. denying the truth is just the new normal for this right wing nut gop. the president's birth certificate not real. poll numbers that show the president ahead, not real. and today these geniuses came up with a n
and president obama has a strong record to campaign on. >> this morning we found out that the unemployment rate has fallen to the lowest level since i took office. but today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> now, governor romney issued a statement today saying, quote, this is not what a real recovery looks like. really? that's what he has to say?...
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obama became president, the unemployment rate would be 10%. if we had same percentage of people looking for work today looking when unemployment rate peaked at 10% the unemployment rate today would still be 9.7 using that household data. which means most effective employment program the obama administration has been able to come up with is persuade people to leave the labor force. mr. obama managed to drive down number of adults that want a job. that is a great way to drive unemployment down. i would think the other guest would consider that. melissa: gary, last word before we go. >> look the employment rate has risen in last few months. there is no doubt about that. i don't understand this labor force participants rate idea. yes the participation rate is lower when the economy was expanding strongly. yes, that's true but the fact of the matter is, employment has been rising over the last three years, period. it is just not rising fast enough to put a big a dent in unemployment rate as we would all like to see, period. melissa: gentlemen, grea
obama became president, the unemployment rate would be 10%. if we had same percentage of people looking for work today looking when unemployment rate peaked at 10% the unemployment rate today would still be 9.7 using that household data. which means most effective employment program the obama administration has been able to come up with is persuade people to leave the labor force. mr. obama managed to drive down number of adults that want a job. that is a great way to drive unemployment down. i...
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rates and president obama has a pathetic record he's the only president that has presided over three years of unemployment of over eight percent that absolutely can be changed who we know that that's what the american people want it's simply that we don't have those elected to office that are willing to take on those special interest. political cartoonist and columnist ted rall says americans are seeking a new policy vision for the nation. it's very hard to tell to see how mitt romney can overcome the lead in the key swing states that obama currently enjoys we considering the state of the economy over the last four years is saying something about the ineptitude of the romney campaign now that said he did outperform expectations last night and you know he's still in games if he continues to surge and does better in the future debates it's possible that despite my vote will be able to turn against obama and go for romney in a two party system that's all we really have what was very strange is how the democrats who typically identify better with the poor and downtrodden failed to humani
rates and president obama has a pathetic record he's the only president that has presided over three years of unemployment of over eight percent that absolutely can be changed who we know that that's what the american people want it's simply that we don't have those elected to office that are willing to take on those special interest. political cartoonist and columnist ted rall says americans are seeking a new policy vision for the nation. it's very hard to tell to see how mitt romney can...
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rates and president obama has a pathetic record he's the only president that has presided over three years of unemployment of over eight percent that absolutely can be changed which we know that that's what the american people want it's simply that we don't have those elected to office that are willing to take on the special interests. now a chinese owned company is suing president barack obama after block the farm from building wind farms that are not far from a u.s. military base and the justification for the ban was that of national security are the first such use of the law in twenty two years and it's the last thing the firm says obama overstepped his authority and acted in an unlawful munna professor joseph chang he believes is just part of an effort to limit china's range. there is to try no not to are now trying not to. believe in discrimination against i know there are two levels of concerns over the use one is the general intention of the united states to china china certainly wants to look at mons countries that world and it is easier to acquire technology at least minorit
rates and president obama has a pathetic record he's the only president that has presided over three years of unemployment of over eight percent that absolutely can be changed which we know that that's what the american people want it's simply that we don't have those elected to office that are willing to take on the special interests. now a chinese owned company is suing president barack obama after block the farm from building wind farms that are not far from a u.s. military base and the...
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exactly where it was when president obama took office. there was only a net gain of 114,000 jobs created last month. too low for sustained unemployment reduction. so something for both sides to like. the president has to be thrilled about this jobs numbers, though. it's a game changer unless it's not. the president is the out on the trail pushing it. >> as a nation we are moving forward again. we're moving forward. more people are getting jobs. now, every month reminds us that we've still got too many of our friends and neighbors looking for work. today's news certainly is not an excuse to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> my friends, whenever fall comes the leaves turn pretty colors and the jobs numbers bring in our dynamic duo, peter and jared. how are you my wonky friends? >> we're wonking along. >> we're pretty wonky. >> do you think that wonk spelled backwards is know? >> excellent. you just blew my mind. >> as is k-n-o-w. were you trying to
exactly where it was when president obama took office. there was only a net gain of 114,000 jobs created last month. too low for sustained unemployment reduction. so something for both sides to like. the president has to be thrilled about this jobs numbers, though. it's a game changer unless it's not. the president is the out on the trail pushing it. >> as a nation we are moving forward again. we're moving forward. more people are getting jobs. now, every month reminds us that we've still...